CELESTYAL Cruises has announced its successful refinancing as it accelerates its growth strategy. The cruise line has replaced its original vessel acquisition funding with a more efficient financial model, substantially lowering Celestyal’s cost of capital, and unlocking additional flexibility to reinvest in its fleet, product, and commercial operations. “This refinancing...
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CELESTYAL Cruises has announced its successful refinancing as it accelerates its growth strategy.
The cruise line has replaced its original vessel acquisition funding with a more efficient financial model, substantially lowering Celestyal’s cost of capital, and unlocking additional flexibility to reinvest in its fleet, product, and commercial operations.
“This refinancing marks a powerful endorsement of the progress we’ve made to evolve and fuel Celestyal’s ambitious development strategy,” Chief Financial Officer Marios Theodosiou said.
“From a full fleet renewal and more sustainable operations, to expanding our commercial footprint, launching year-round operations, and announcing our sailing program further ahead than ever before, we’ve demonstrated our ability to transform at pace.
“It also signals growing confidence in Celestyal’s long-term business model, underpinned by improved profitability, enhanced financial resilience and consistent operational delivery.”
He said Celestyal is well-positioned to continue delivering on its strategic ambitions with a strong financial foundation.
This includes diversifying its source markets and expanding into new regions. MS
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